Long

153-310 sats by May 2nd, or exit!

Updated

Just looking at the previous SC pumps with the paraeye. We had the crossover week, then +1 red candle retracement week. Then both times we had significant continuation (3.6x and 1.6x).

So... I will be looking for SC to pump to 153-310 next week. If not; take that as a bad sign, and find your nearest exit.

Note

Well BTC crapped it's pants overnight. But this idea is still potentially valid (and right now there is an awesome discount to buy!)

Check out the wick on the preceeding week for May 8th, right before the climb:

BTC making such a drop as it has may actually help this idea. Once the BTC fall is arrested, there will be a good rotation of money back into the various alt groups. And that will provide the fuel for this idea.

Note

USD chart needs 75% gains to retest its all time highs... And we have a key breakout, in the key week!

Best case scenario... we drive up to those previous USD highs, flip it to support. Then ratchet the price up using the BTC pairings' fibs.

Note

If we draw two possible impulse cores on the monthly chart... you can see we have stabbed the 1.618 confluence area. And basically flipped it to support.
So the next step should be 173+

My deadline date my be a bit ambitious; but still a few days left this week - so we'll see. And if Bitcoin keeps procrastinating around its' resistance level / general low area - alts might get some action this weekend / Monday.

Note

This is looking very promising... it's just starting to move! Ignore my title and hold tight - this could well be on it's way up. Let's see how the day develops, and whether or not this coming week capitalizes on it.

Note

Patience and conviction!!

Low volume
On/near supports.
Active project.
Ready and waiting to go!

Note

SC is going to thrust up at some point, that i'm absolutely certain of. But if we don't fill in yesterdays green wick to the upside, I think it may dip down to the bottom of the channel / box again first.

USD chart is still grinding away at the fibs from the all time high impulse core. That's just a matter of time before it grinds up through those and we get to new all time highs.

Note

Using the Binance USD chart look at the volume... even if this is topping, which I don't think is likely at all. We are due a low volume thrust higher. Just a matter of time.

HOLD!

Note

Looks like we've got a nice bounce profile here... stair step up the fibs this week. And then hopefully go nuts, soon!

Note

So in 2017 BTC had a 3month cooling off period during its bull run. And during that time (May-June) SC had its big run up to all time highs.

BTC appears to be in a re consolidation pattern at the moment. So we're doing something similar this time it would appear. Thereby... later this month / next month might be SC's time to shine again.

Note

What do you think? 1 more week of sideways, rangebound, and then the 8hr 200MA will hopefully kick this to the moon!?

Losing-Up

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.